Recent events
Recent events tied to this brand in public sources.
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2021
Olam acquires a 10% stake in Saudi flour-milling venture
Olam International participated in a consortium that acquired Food Security Holding Company (JVCo). Olam took a 10% minority stake and will act as the technical partner responsible for managing plants and operations.
2021
Olam and MAS partner on carbon-management platform
The Monetary Authority of Singapore said it was partnering with Olam in developing Olam's smart carbon measurement, management and reporting platform, which will interoperate with Project Greenprint platforms.
2021
Olam launches GreenPass carbon management platform
Olam International launched GreenPass, a digital greenhouse-gas information and smart carbon-management system. The platform is intended to measure, monitor, manage and verify the impact of companies' climate-action strategies as they decarbonize their businesses.
2021
Olam secures US$5.2bn financing package
Olam International secured US$5.2 billion across three loan facilities to support general corporate activities and its reorganisation.
2021
Olam secures US$5.2 billion in loan facilities
Olam International announced that it had secured three committed loan facilities aggregating US$5.2 billion. The term loan is for general corporate purposes, while the bridge facilities are intended to facilitate Olam’s reorganisation plan.
2021
Olam announces planned OFI listings in London and Singapore
Olam International announced that its operating group OFI intends to seek a primary listing on the London Stock Exchange and a concurrent listing on the Singapore Exchange by the first half of 2022, raising approximately S$2.8 billion.
2020
Olam secures US$200 million financing facility
Olam International and its wholly owned subsidiary secured a US$200 million dual-tranche financing facility from the European Bank for Reconstruction and Development. Olam said the facility supports working capital requirements across businesses in eastern Mediterranean, Eastern Europe and the Black Sea regions.
2020
Olam secures a JPY 25 billion Samurai loan facility
Olam International announced that its wholly owned subsidiary, Olam Treasury Pte. Ltd., secured a JPY 25 billion medium-term Samurai loan facility in the Japanese market. The proceeds are to be used to refinance existing loans and for general corporate purposes.
2020
Olam reports higher 1Q20 earnings
Olam International reported a 6.1% year-over-year increase in 1Q20 earnings to S$179.1 million.
2019
Olam completes acquisition of Dangote Flour Mills
Olam International completed its acquisition of Nigerian flour and pasta manufacturer Dangote Flour Mills for 120 billion naira. Olam subsidiary Crown Flour Mills acquired all of Dangote's shares. Dangote shares were suspended from trading and the company was to be delisted from the Nigerian stock exchange's main board.
2019
Olam announces agreement to acquire Hughson Nut
Olam announced that it had signed a purchase agreement to acquire a 100% interest in Californian almond processor and ingredient manufacturer Hughson Nut Inc and associated real estate assets from APB Partners for a total enterprise value of US$54.0 million. Completion was expected in November 2019, subject to customary closing conditions.